Cencosud announces $1.8 billion investment plan

Cencosud announced a S$1.8 billion investment plan for the next three years. $740 million will be used to refurbish 100% of Cencosud’s shops in the region and $34 million will be used to build 144 new shops. In addition, $420 million will be invested to refurbish eight shopping centres, execute five major expansions and build two new shopping malls. While $300 million will be used for investments in technology, logistics and e-commerce.

Source: Emol